Binance to pay $2.2 million fine in India

Binance was fined $2.2 million for providing services to Indian customers without complying with national anti-money laundering regulations.

In 2024, Binance and several other offshore cryptocurrency exchanges were banned in India for illegal activities.

However, in May Binance

have received approval from the Financial Intelligence Unit of India subject to payment of appropriate fines.#binance #Bitcoin $BNB